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- CEO Hyung-soo Lee informed them through a video conference.
- Haru Invest’s unforeseen challenges commenced in mid-June of this year.
The South Korean cryptocurrency investment platform Haru Invest has reportedly terminated over 100 employees. The layoffs will be officially recognized on June 23.
This decision followed a suspension of deposits and withdrawals due to an issue with one of its service providers. Recent reports indicate that Haru Invest has dismissed more than 100 staff members, with CEO Hyung-soo Lee delivering the news via video conference.
The CEO reportedly mentioned:
“Given the current circumstances, managing the company normally is challenging. I made that choice.”
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Haru Invest’s unforeseen challenges began in mid-June when the company faced a “specific issue with one of the service partners.” To protect its customers as much as possible, the firm temporarily halted withdrawals and deposits.
In light of the ongoing legal actions against B&S Holdings, the company announced today that it would “be minimizing” its operations and those of its affiliated entities. The management team has committed to keeping employees informed about any updates and providing necessary support in the future.
The firm stated:
“We are currently seeking the best platform to communicate with you regarding our operations. We will inform you once a decision is made. And we will respond to those who have contacted us.”
Due to the issues at Haru Invest, another significant South Korean cryptocurrency lending platform, Delio, has temporarily suspended withdrawals. The latter emphasized that precautions were necessary due to their exposure to the former. Delio later announced it would gradually resume service but did not provide a specific timeline.
